MTS Bank PJSC conducted an initial public offering ("IPO") and began trading the bank's ordinary shares on the Moscow Stock Exchange under the ticker MBNK on April 26, 2024. This is stated in the bank's message.
The Placement price was 2.5 rubles per share. The market capitalization of MTS Bank, taking into account the shares issued as part of the IPO, at the time of the start of trading will amount to about 86.6 billion rubles.
The total volume of the IPO amounted to 11.5 billion rubles. In total, more than 200 thousand applications were submitted from retail and institutional investors for a total amount of about 168 billion rubles.
As part of the IPO, a stabilization mechanism of up to 1.5 billion rubles has been structured, which will be valid for 30 days after the start of trading. The funds raised as a result of the IPO will be used to implement the growth strategy and further scale the Bank's high-margin retail business;
The Bank's shares were included in the first level of the Moscow Stock Exchange listing with the ticker MBNK and ISIN RU000A0JRH43. Trading in shares began on April 26, 2024.
MTS-Bank PJSC (MTS-Bank PJSC) is a universal commercial bank, one of the 50 leading Russian banks. MTS Bank's network of service offices covers more than 50 cities in 30 of the largest regions of Russia. The main shareholder is a private limited liability company "Mobile TeleSystems B.V." – a subsidiary of PJSC "Mobile TeleSystems"
